FX.co ★ Elliott wave analysis of EUR/USD for June 14, 2023

EUR/USD is ready for the final spike lower towards 1.0525 to complete wave II. In the short term, we will be looking for a break below minor support at 1.0733 confirming that the correction in wave iv has been completed and wave v lower to 1.0525 is in motion.

Only an unexpected break above resistance at 1.0831 will indicate that wave II already has been completed and wave III towards at least 1.1455 is unfolding.